Hluttaw approves fisheries university plan

A fisheries university is being planned for the country, primarily to develop the fishery sector, which could eventually generate employment and help reduce poverty. The Agriculture, Livestock and Fisheries Ministry have submitted a proposal at the Amyotha Hluttaw, said Dr Tun Lwin, deputy permanent secretary of the ministry. The proposal hints at the opening of […]

ThaiBev acquires Myanmar distilleries as TPG exits

Thai Beverage Public Co has acquired a combined 75% stake in two Myanmar distilleries in a deal worth $742 million, hoping to tap into growth in the country’s nascent spirits market. ThaiBev acquired the 75% stake in Myanmar Supply Chain and Services Go (MSCS) and Myanmar Distillery Co (MDC) from four third-party vendors, including Texas-based […]

Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]

Digitalisation to secure rice farming

BANGKOK (The Nation/ANN) – With the rise in smartphone usage in Thailand, Bayer’s country group head Simon-Thorsten Wiebusch said the next step to improve local rice crops may come from “digitalization” . With the rise in smartphone usage in Thailand, Bayer’s country group head Simon-Thorsten Wiebusch said the next step to improve local rice crops […]

ASEAN’s largest packaging firm to start Thilawa operations next year

Kian Joo Group, the largest packaging business in ASEAN, is investing in a packaging plant in the Thilawa Special Economic Zone (SEZ). Construction of the plant is expected to be complete by the first quarter of next year. Malaysia-based Kian Joo is one of the biggest can manufacturers within ASEAN, manufacturing a wide range of […]

Myanmar renews SEZ push

Myanmar’s special economic zones (SEZs) are a central part of a revitalised economic strategy in which increased manufacturing activity will play a key role. And breathing renewed life and energy into stagnant or stalled SEZs has moved to the top of the government’s agenda. “SEZs promote the transfer of technology, encourage infrastructure development and attract […]

Sodexo , Amata eye growth in CLMV markets

SODEXO, a global leader in integrated facilities management services, plans to expand its activities in the CLMV markets (Cambodia, Laos, Myanmar, and Vietnam) through its joint venture operations with Amata Corp in Thailand. Under the partnership, Thailand will be promoted as Sodex’s ‘hub for growth’ in the region. Arnaud Bialecki, country president of Sodexo Thailand, […]

KB Kookmin Card eyes Myanmar market

KB Kookmin Card Co. said Thursday it is pushing to tap into Myanmar’s credit card market after getting the nod to set up an office in the Southeast Asian country. KB Kookmin Card, a unit of South Korea’s banking giant KB Financial Group Inc., said it won approval from Myanmar’s central bank the previous day […]

Nay Pyi Taw needs to ensure investors aren’t misled over Rakhine crisis

Interview with Felix Chung, honorary chair of the Hong Kong Myanmar Manufacturers’ Association THE responsibility lies squarely with Nay Pyi Taw to ensure that foreign investors are not misled over the Rakhine crisis, according to a manufacturer association. The Myanmar Times sat down with Felix Chung, honorary chair of the Hong Kong Myanmar Manufacturers’ Association […]

Tourasia co-owns Diethelm and is in driver’s seat

Swiss tour operator Tourasia has emerged as a substantial shareholder of Diethelm Travel Group (DTG) with its founder/managing director (MD) Stephan Roemer taking the driver’s seat at DTG as its CEO based in Bangkok, effective next week. Lisa Fitzell, group MD of DTG, is on a garden leave till January and is no longer with […]